{"id":867,"date":"2008-09-30T02:37:54","date_gmt":"2008-09-30T06:37:54","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/sj\/?p=867"},"modified":"2008-09-30T02:46:16","modified_gmt":"2008-09-30T06:46:16","slug":"dorothea-lange","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/sj\/2008\/09\/30\/dorothea-lange\/","title":{"rendered":"Dorothea Lange"},"content":{"rendered":"

Ahh, the great depression<\/a>.\u00a0 The Lincoln Brigade.\u00a0 The Bonus March.\u00a0 It’s always nice to have a reason to revisit our nation’s young history.\u00a0 We don’t have so much of it that it overwhelms; one can march through the centuries in a few hours’ contemplation. Dorothea Lange <\/strong>documented<\/a> the Depression years in beautiful, riveting light; her work is worth a look.<\/p>\n

We aren’t heading down that road yet, but it’s worth revisiting the conditions and social norms<\/strong> that prevailed in the late 1920’s, to remind ourselves of what to avoid in addition to<\/em> the obvious issues from our immediate past.<\/p>\n

\"2008<\/a><\/p>\n

Here’s a tidy visual of our proposed bailout spending<\/strong>, and comparisons of what else we could do with those funds.\u00a0 There are arguments to be made that the bailout monies would be returned eventually — but there is no guarantee of this; it is more likely that some significant percentage would be lost.\u00a0 One could likewise claim that we received major returns on investment from Apollo<\/strong>, the latest stimulus package, and the like.\u00a0 The worst of all scenarios is one in which a bailout provides temporary but not medium-term relief, and simply shifts costs<\/strong> for a necessary correction to a different audience — individual citizens and our national debt.<\/p>\n

I personally don’t much care about where costs are shifted, but think that if we don’t find a way to effectively assess the magnitude of overvaluation that has occurred, and find ways to avoid similar trust-backed delusions<\/strong> in the future, we risk much larger disasters.\u00a0 Financial systems only hold together when one trusts the notion of currencies.\u00a0 Nations only holds together when one trusts the idea of a social compact.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ahh, the great depression.\u00a0 The Lincoln Brigade.\u00a0 The Bonus March.\u00a0 It’s always nice to have a reason to revisit our nation’s young history.\u00a0 We don’t have so much of it that it overwhelms; one can march through the centuries in a few hours’ contemplation. Dorothea Lange documented the Depression years in beautiful, riveting light; her […]<\/p>\n","protected":false},"author":1202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-867","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7iVvB-dZ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/posts\/867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/users\/1202"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/comments?post=867"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/posts\/867\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/media?parent=867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/categories?post=867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/tags?post=867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}